This creates a difficult policy dilemma – how does Congress help lower gas prices for consumers without worsening the expanding structural deficits in the Highway Trust Fund? The trucking industry, more than most, embodies this challenge, as an industry dependent on increasingly expensive fuel, as well as the conditions of our nation’s highways.
President Biden and lawmakers from both sides of the aisle have called for increased domestic oil production to help lower prices and insulate supply chains from global instability, like Russia’s war in Ukraine. However, they disagree on where to lay blame.
However, one thing remains clear, consumers and industries, like trucking, need a well-balanced and workable solution to lower prices now and prevent volatility in the future.
